Bedroom furniture market to grow at a CAGR of 5.22% from 2022 to 2027: Rising standard of living to boost market growth

Susan Howell

NEW YORK, March 1, 2023 /PRNewswire/ — The global bedroom furniture market size is estimated to increase by USD 37.06 billion from 2022 to 2027. The market’s growth momentum will accelerate at a CAGR of 5.22% during the forecast period. The rising standard of living, leading to the introduction of premium products, is notably driving market growth. Moreover, the growing demand for multifunctional bedroom furniture is a key trend in the market. For more insights on the historic (2017 to 2021) and forecast market size (2023 to 2027) – Request a sample report

Technavio has announced its latest market research report titled Global Bedroom Furniture Market 2023-2027

Technavio has announced its latest market research report titled Global Bedroom Furniture Market 2023-2027

What`s New for 2023?

  • Special coverage on the RussiaUkraine war; global inflation; recovery analysis from COVID-19; supply chain disruptions, global trade tensions; and risk of recession

  • Global competitiveness and key competitor positions

  • Market presence across multiple geographical footprints – Strong/Active/Niche/Trivial

Bedroom furniture marketMarket dynamics

Leading drivers – The rising standard of living, leading to the introduction of premium products, is driving the market growth. The rise in the number of high net-worth individuals (HNWIs) has led to a gradual increase in preference for luxury products. As a result, the spending capacity of consumers on luxury goods and services has increased. In addition, the rise in the number of working women has increased the number of dual-income households. This has increased the number of independent dwellings globally. These factors are expected to drive market growth during the forecast period.

Key trends – The growing demand for multifunctional bedroom furniture is a key trend in the market. The demand for multifunctional bedroom furniture has increased worldwide owing to shrinking residential spaces and high rents. In studio apartments, beds are designed to have a sleeping area, along with an attached working table or a side bed. Manufacturers have introduced multifunctional and customized products to cater to the changing demands of consumers. These products are sold online as well as offline channels. The demand for such furniture is expected to increase during the forecast period owing to the rising number of residential dwellings.

Know more about market dynamics,historic (2017 to 2021) and forecast market size (2023 to 2027)  Find more insights from a sample report!

Bedroom furniture market – Vendor analysis
Vendor landscape –

The global bedroom furniture market is fragmented, with the presence of several global, regional, and local vendors. A few prominent vendors that offer bedroom furniture in the market are Ashley home stores Ltd., Abbyson Living LLC, Central Furniture Manufacturing Ltd., Century Furniture LLC, Dunns Furniture, FurnitureRoots, Giessegi Industria Mobili Spa, Global Furniture USA Inc., Godrej Interio, Hillsdale Furniture LLC, Hooker Furnishings Corp., hulsta werke Huls GmbH and Co. KG, Inter IKEA Systems B.V., Kohinoor Furniture, LaZBoy Inc., Legends Furniture Inc., MillerKnoll Inc., Restoration Hardware Inc., Roomstogo.com Inc., and Vaughan Bassett and others.

The key inputs of vendors include capital expenditure and labor. Vendors invest significantly in building infrastructure suitable for manufacturing and testing bedroom furniture. They are focusing on introducing products equipped with innovative technologies. They are also focusing moderately on building brand and brand equity to differentiate themselves from other competing brands. The increasing awareness about advanced furniture and the rapid growth in online retail sales of bedroom furniture products will intensify the competition in the market during the forecast period.

Vendor offerings –

  • Ashley home stores Ltd. – The company offers bedroom furniture such as dressers, chests, nightstands, bedroom sets.

  • Central Furniture Manufacturing Ltd. – The company offers bedroom furniture such as beds, chests, wardrobes, and tables.

  • Century Furniture LLC – The company offers bedroom furniture such as bench, storage ottoman, foot stool, nightstand.

Bedroom furniture market – Segmentation assessment

Segment overview
Technavio has segmented the market based on Product (BBL and H, wardrobes, mattresses and supporters, chests and chest of drawers, and others) and distribution channel (offline and online).

  • The BBL and H segment will account for a significant share of the market’s growth during the forecast period. Beds, bunks, lofts, and headboards form the major segment of the global bedroom furniture market. A bed defines the overall look and style of the bedroom. Headboards enhance the look and view of the bedroom. Bunks and lofts are available in various designs, styles, and colors. These factors will drive the growth of this segment during the forecast period.

Geography overview
By geography, the global bedroom furniture market is segmented into APAC, North America, Europe, South America, and Middle East and Africa. The report provides actionable insights and estimates the contribution of all regions to the growth of the global bedroom furniture market.

  • APAC is estimated to account for 42% of the growth of the global market during the forecast period. The growth of the market in this region is attributed to factors such as economic advances and population explosion. China, India, Japan, Malaysia, Indonesia, and Australia are some of the key countries in this region.

Get a glance of the market contribution of various segments including country and region wise, historic (2017 to 2021) and forecast market size (2023 to 2027) – Download a sample report

Bedroom furniture market – Major challenges

The long replacement cycle is challenging the market growth. Branded, high-quality furniture does not have to be replaced frequently. High-quality wood furniture has a longer replacement cycle than furniture made of materials such as plastic. Major players in the US have to adhere to safety standards set by American National Standards Institute (ANSI) and the Business and Institutional Furniture Manufacturers Association (BIFMA). Hence, they produce high-quality products with long replacement cycles. This restricts the frequent sales of bedroom furniture, thus hampering the growth of the market.

What are the key data covered in this bedroom furniture market report?

  • CAGR of the market during the forecast period

  • Detailed information on factors that will drive the growth of the bedroom furniture market between 2023 and 2027

  • Precise estimation of the size of the bedroom furniture market and its contribution to the parent market

  • Accurate predictions about upcoming trends and changes in consumer behavior

  • Growth of the bedroom furniture market across APAC, North America, Europe, South America, and Middle East and Africa

  • A thorough analysis of the market’s competitive landscape and detailed information about vendors

  • Comprehensive analysis of factors that will challenge the growth of bedroom furniture market vendors

Why buy?

  • Add credibility to strategy

  • Analyzes competitor’s offerings

  • Get a holistic view of the market

Grow your profit margin with Technavio – Buy the report!

Related Reports:

The upholstered furniture market size is expected to increase by USD 15.96 billion from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 5.04%. Furthermore, this report extensively covers upholstered furniture market segmentation by distribution channel (offline and online) and geography (APAC, North America, Europe, South America, and Middle East and Africa).

The K-12 furniture market is estimated to grow at a CAGR of 5.45% between 2022 and 2027. The size of the market is forecasted to increase by USD 2,571.79 million. This report extensively covers market segmentation by product (seating, storage, lab equipment, and others), application (classroom, library and labs, and others), and geography (APAC, Europe, North America, South America, and Middle East and Africa).

Gain instant access to 17,000+ market research reports. 

Technavio’s SUBSCRIPTION platform

Bedroom Furniture Market Scope

Report Coverage

Details

Base year

2022

Historic period

2017-2021

Forecast period

2023-2027

Growth momentum & CAGR

Accelerate at a CAGR of 5.22%

Market growth 2023-2027

USD 37.06 billion

Market structure

Fragmented

YoY growth 2022-2023 (%)

4.18

Regional analysis

APAC, North America, Europe, South America, and Middle East and Africa

Performing market contribution

APAC at 42%

Key countries

US, China, Germany, France, Canada, Mexico, Italy,Spain, Japan, Australia,  and South Korea

Competitive landscape

Leading vendors, market positioning of vendors, competitive strategies, and industry risks

Key companies profiled

Ashley home stores Ltd., Abbyson Living LLC, Central Furniture Manufacturing Ltd., Century Furniture LLC, Dunns Furniture, FurnitureRoots, Giessegi Industria Mobili Spa, Global Furniture USA Inc., Godrej Interio, Hillsdale Furniture LLC, Hooker Furnishings Corp., hulsta werke Huls GmbH and Co. KG, Inter IKEA Systems B.V., Kohinoor Furniture, LaZBoy Inc., Legends Furniture Inc., MillerKnoll Inc., Restoration Hardware Inc., Roomstogo.com Inc., and Vaughan Bassett

Market dynamics

Parent market analysis, market growth inducers and obstacles, fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and market condition analysis for the forecast period

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Table of contents

1 Executive Summary

1.1 Market overview

  • Exhibit 01: Executive Summary – Chart on Market Overview

  • Exhibit 02: Executive Summary – Data Table on Market Overview

  • Exhibit 03: Executive Summary – Chart on Global Market Characteristics

  • Exhibit 04: Executive Summary – Chart on Market by Geography

  • Exhibit 05: Executive Summary – Chart on Market Segmentation by Product

  • Exhibit 06: Executive Summary – Chart on Market Segmentation by Distribution Channel

  • Exhibit 07: Executive Summary – Chart on Incremental Growth

  • Exhibit 08: Executive Summary – Data Table on Incremental Growth

  • Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

2.1 Market ecosystem

3 Market Sizing

3.1 Market definition

Exhibit 12: Offerings of vendors included in the market definition

3.2 Market segment analysis

3.3 Market size 2022

3.4 Market outlook: Forecast for 2022-2027

  • Exhibit 14: Chart on Global – Market size and forecast 2022-2027 ($ billion)

  • Exhibit 15: Data Table on Global – Market size and forecast 2022-2027 ($ billion)

  • Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)

  • Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

4.1 Global bedroom furniture market 2017 – 2021

4.2 Product Segment Analysis 2017 – 2021

Exhibit 19: Historic Market Size – Product Segment 2017 – 2021 ($ billion)

4.3 Distribution channel Segment Analysis 2017 – 2021

4.4 Geography Segment Analysis 2017 – 2021

4.5 Country Segment Analysis 2017 – 2021

5 Five Forces Analysis

5.1 Five forces summary

5.2 Bargaining power of buyers

5.3 Bargaining power of suppliers

5.4 Threat of new entrants

5.5 Threat of substitutes

5.6 Threat of rivalry

5.7 Market condition

6 Market Segmentation by Product

6.1 Market segments

6.2 Comparison by Product

6.3 BBL and H – Market size and forecast 2022-2027

  • Exhibit 34: Chart on BBL and H – Market size and forecast 2022-2027 ($ billion)

  • Exhibit 35: Data Table on BBL and H – Market size and forecast 2022-2027 ($ billion)

  • Exhibit 36: Chart on BBL and H – Year-over-year growth 2022-2027 (%)

  • Exhibit 37: Data Table on BBL and H – Year-over-year growth 2022-2027 (%)

6.4 Wardrobes – Market size and forecast 2022-2027

  • Exhibit 38: Chart on Wardrobes – Market size and forecast 2022-2027 ($ billion)

  • Exhibit 39: Data Table on Wardrobes – Market size and forecast 2022-2027 ($ billion)

  • Exhibit 40: Chart on Wardrobes – Year-over-year growth 2022-2027 (%)

  • Exhibit 41: Data Table on Wardrobes – Year-over-year growth 2022-2027 (%)

6.5 Mattresses and supporters – Market size and forecast 2022-2027

  • Exhibit 42: Chart on Mattresses and supporters – Market size and forecast 2022-2027 ($ billion)

  • Exhibit 43: Data Table on Mattresses and supporters – Market size and forecast 2022-2027 ($ billion)

  • Exhibit 44: Chart on Mattresses and supporters – Year-over-year growth 2022-2027 (%)

  • Exhibit 45: Data Table on Mattresses and supporters – Year-over-year growth 2022-2027 (%)

6.6 Chests and chest of drawers – Market size and forecast 2022-2027

  • Exhibit 46: Chart on Chests and chest of drawers – Market size and forecast 2022-2027 ($ billion)

  • Exhibit 47: Data Table on Chests and chest of drawers – Market size and forecast 2022-2027 ($ billion)

  • Exhibit 48: Chart on Chests and chest of drawers – Year-over-year growth 2022-2027 (%)

  • Exhibit 49: Data Table on Chests and chest of drawers – Year-over-year growth 2022-2027 (%)

6.7 Others – Market size and forecast 2022-2027

  • Exhibit 50: Chart on Others – Market size and forecast 2022-2027 ($ billion)

  • Exhibit 51: Data Table on Others – Market size and forecast 2022-2027 ($ billion)

  • Exhibit 52: Chart on Others – Year-over-year growth 2022-2027 (%)

  • Exhibit 53: Data Table on Others – Year-over-year growth 2022-2027 (%)

6.8 Market opportunity by Product

7 Market Segmentation by Distribution Channel

7.1 Market segments

7.2 Comparison by Distribution Channel     

7.3 Offline – Market size and forecast 2022-2027   

  • Exhibit 59: Chart on Offline – Market size and forecast 2022-2027 ($ billion)

  • Exhibit 60: Data Table on Offline – Market size and forecast 2022-2027 ($ billion)

  • Exhibit 61: Chart on Offline – Year-over-year growth 2022-2027 (%)

  • Exhibit 62: Data Table on Offline – Year-over-year growth 2022-2027 (%)

7.4 Online – Market size and forecast 2022-2027  84

  • Exhibit 63: Chart on Online – Market size and forecast 2022-2027 ($ billion)

  • Exhibit 64: Data Table on Online – Market size and forecast 2022-2027 ($ billion)

  • Exhibit 65: Chart on Online – Year-over-year growth 2022-2027 (%)

  • Exhibit 66: Data Table on Online – Year-over-year growth 2022-2027 (%)

7.5 Market opportunity by Distribution Channel

8 Customer Landscape

8.1 Customer landscape overview

  • Exhibit 68: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

9.1 Geographic segmentation

9.2 Geographic comparison

9.3 APAC – Market size and forecast 2022-2027

  • Exhibit 73: Chart on APAC – Market size and forecast 2022-2027 ($ billion)

  • Exhibit 74: Data Table on APAC – Market size and forecast 2022-2027 ($ billion)

  • Exhibit 75: Chart on APAC – Year-over-year growth 2022-2027 (%)

  • Exhibit 76: Data Table on APAC – Year-over-year growth 2022-2027 (%)

9.4 North America – Market size and forecast 2022-2027

  • Exhibit 77: Chart on North America – Market size and forecast 2022-2027 ($ billion)

  • Exhibit 78: Data Table on North America – Market size and forecast 2022-2027 ($ billion)

  • Exhibit 79: Chart on North America – Year-over-year growth 2022-2027 (%)

  • Exhibit 80: Data Table on North America – Year-over-year growth 2022-2027 (%)

9.5 Europe – Market size and forecast 2022-2027

  • Exhibit 81: Chart on Europe – Market size and forecast 2022-2027 ($ billion)

  • Exhibit 82: Data Table on Europe – Market size and forecast 2022-2027 ($ billion)

  • Exhibit 83: Chart on Europe – Year-over-year growth 2022-2027 (%)

  • Exhibit 84: Data Table on Europe – Year-over-year growth 2022-2027 (%)

9.6 South America – Market size and forecast 2022-2027

  • Exhibit 85: Chart on South America – Market size and forecast 2022-2027 ($ billion)

  • Exhibit 86: Data Table on South America – Market size and forecast 2022-2027 ($ billion)

  • Exhibit 87: Chart on South America – Year-over-year growth 2022-2027 (%)

  • Exhibit 88: Data Table on South America – Year-over-year growth 2022-2027 (%)

9.7 Middle East and Africa – Market size and forecast 2022-2027

  • Exhibit 89: Chart on Middle East and Africa – Market size and forecast 2022-2027 ($ billion)

  • Exhibit 90: Data Table on Middle East and Africa – Market size and forecast 2022-2027 ($ billion)

  • Exhibit 91: Chart on Middle East and Africa – Year-over-year growth 2022-2027 (%)

  • Exhibit 92: Data Table on Middle East and Africa – Year-over-year growth 2022-2027 (%)

9.8 US – Market size and forecast 2022-2027

  • Exhibit 93: Chart on US – Market size and forecast 2022-2027 ($ billion)

  • Exhibit 94: Data Table on US – Market size and forecast 2022-2027 ($ billion)

  • Exhibit 95: Chart on US – Year-over-year growth 2022-2027 (%)

  • Exhibit 96: Data Table on US – Year-over-year growth 2022-2027 (%)

9.9 China – Market size and forecast 2022-2027

  • Exhibit 97: Chart on China – Market size and forecast 2022-2027 ($ billion)

  • Exhibit 98: Data Table on China – Market size and forecast 2022-2027 ($ billion)

  • Exhibit 99: Chart on China – Year-over-year growth 2022-2027 (%)

  • Exhibit 100: Data Table on China – Year-over-year growth 2022-2027 (%)

9.10 Germany – Market size and forecast 2022-2027

  • Exhibit 101: Chart on Germany – Market size and forecast 2022-2027 ($ billion)

  • Exhibit 102: Data Table on Germany – Market size and forecast 2022-2027 ($ billion)

  • Exhibit 103: Chart on Germany – Year-over-year growth 2022-2027 (%)

  • Exhibit 104: Data Table on Germany – Year-over-year growth 2022-2027 (%)

9.11 Japan – Market size and forecast 2022-2027

  • Exhibit 105: Chart on Japan – Market size and forecast 2022-2027 ($ billion)

  • Exhibit 106: Data Table on Japan – Market size and forecast 2022-2027 ($ billion)

  • Exhibit 107: Chart on Japan – Year-over-year growth 2022-2027 (%)

  • Exhibit 108: Data Table on Japan – Year-over-year growth 2022-2027 (%)

9.12 France – Market size and forecast 2022-2027

  • Exhibit 109: Chart on France – Market size and forecast 2022-2027 ($ billion)

  • Exhibit 110: Data Table on France – Market size and forecast 2022-2027 ($ billion)

  • Exhibit 111: Chart on France – Year-over-year growth 2022-2027 (%)

  • Exhibit 112: Data Table on France – Year-over-year growth 2022-2027 (%)

9.13 Market opportunity by geography

10 Drivers, Challenges, and Trends

10.1 Market drivers

10.2 Market challenges

10.3 Impact of drivers and challenges

10.4 Market trends

11 Vendor Landscape

11.1 Overview

11.2 Vendor landscape

11.3 Landscape disruption

11.4 Industry risks

12 Vendor Analysis

12.1 Vendors covered

12.2 Market positioning of vendors

12.3 Ashley home stores Ltd.

  • Exhibit 120: Ashley home stores Ltd. – Overview

  • Exhibit 121: Ashley home stores Ltd. – Product / Service

  • Exhibit 122: Ashley home stores Ltd. – Key offerings

12.4 Abbyson Living LLC

  • Exhibit 123: Abbyson Living LLC – Overview

  • Exhibit 124: Abbyson Living LLC – Product / Service

  • Exhibit 125: Abbyson Living LLC – Key offerings

12.5 Central Furniture Manufacturing Ltd.

  • Exhibit 126: Central Furniture Manufacturing Ltd. – Overview

  • Exhibit 127: Central Furniture Manufacturing Ltd. – Product / Service

  • Exhibit 128: Central Furniture Manufacturing Ltd. – Key offerings

12.6 Century Furniture LLC

  • Exhibit 129: Century Furniture LLC – Overview

  • Exhibit 130: Century Furniture LLC – Product / Service

  • Exhibit 131: Century Furniture LLC – Key offerings

12.7 Giessegi Industria Mobili Spa

  • Exhibit 132: Giessegi Industria Mobili Spa – Overview

  • Exhibit 133: Giessegi Industria Mobili Spa – Product / Service

  • Exhibit 134: Giessegi Industria Mobili Spa – Key offerings

12.8 Hillsdale Furniture LLC

  • Exhibit 135: Hillsdale Furniture LLC – Overview

  • Exhibit 136: Hillsdale Furniture LLC – Product / Service

  • Exhibit 137: Hillsdale Furniture LLC – Key offerings

12.9 Hooker Furnishings Corp.

  • Exhibit 138: Hooker Furnishings Corp. – Overview

  • Exhibit 139: Hooker Furnishings Corp. – Business segments

  • Exhibit 140: Hooker Furnishings Corp. – Key offerings

  • Exhibit 141: Hooker Furnishings Corp. – Segment focus

12.10 Inter IKEA Systems B.V.

  • Exhibit 142: Inter IKEA Systems B.V. – Overview

  • Exhibit 143: Inter IKEA Systems B.V. – Product / Service

  • Exhibit 144: Inter IKEA Systems B.V. – Key offerings

12.11 Kohinoor Furniture

  • Exhibit 145: Kohinoor Furniture – Overview

  • Exhibit 146: Kohinoor Furniture – Product / Service

  • Exhibit 147: Kohinoor Furniture – Key offerings

12.12 LaZBoy Inc.

  • Exhibit 148: LaZBoy Inc. – Overview

  • Exhibit 149: LaZBoy Inc. – Business segments

  • Exhibit 150: LaZBoy Inc. – Key offerings

  • Exhibit 151: LaZBoy Inc. – Segment focus

12.13 Legends Furniture Inc.

  • Exhibit 152: Legends Furniture Inc. – Overview

  • Exhibit 153: Legends Furniture Inc. – Product / Service

  • Exhibit 154: Legends Furniture Inc. – Key offerings

12.14 MillerKnoll Inc.

  • Exhibit 155: MillerKnoll Inc. – Overview

  • Exhibit 156: MillerKnoll Inc. – Business segments

  • Exhibit 157: MillerKnoll Inc. – Key offerings

  • Exhibit 158: MillerKnoll Inc. – Segment focus

12.15 Restoration Hardware Inc.

  • Exhibit 159: Restoration Hardware Inc. – Overview

  • Exhibit 160: Restoration Hardware Inc. – Business segments

  • Exhibit 161: Restoration Hardware Inc. – Key offerings

  • Exhibit 162: Restoration Hardware Inc. – Segment focus

12.16 Roomstogo.com Inc.

  • Exhibit 163: Roomstogo.com Inc. – Overview

  • Exhibit 164: Roomstogo.com Inc. – Product / Service

  • Exhibit 165: Roomstogo.com Inc. – Key offerings

12.17 Vaughan Bassett  159

  • Exhibit 166: Vaughan Bassett – Overview

  • Exhibit 167: Vaughan Bassett – Product / Service

  • Exhibit 168: Vaughan Bassett – Key offerings

13 Appendix  160

13.1 Scope of the report

13.2 Inclusions and exclusions checklist

13.3 Currency conversion rates for US$

13.4 Research methodology

  • Exhibit 172: Research methodology

  • Exhibit 173: Validation techniques employed for market sizing

  • Exhibit 174: Information sources

13.5 List of abbreviations

About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contact
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com/
Newsroom: https://newsroom.technavio.org/news/bedroom-furnituremarket

Global Bedroom Furniture Market 2023-2027

Global Bedroom Furniture Market 2023-2027

Cision

Cision

View original content to download multimedia:https://www.prnewswire.com/news-releases/bedroom-furniture-market-to-grow-at-a-cagr-of-5-22-from-2022-to-2027-rising-standard-of-living-to-boost-market-growth—technavio-301759233.html

SOURCE Technavio

Next Post

Landscape Architect Kevin Gaughan Creates Gardens That Reflect the Owner’s Needs

Whilst Form is barely two a long time aged, Gaughan is previously planning excellent gardens through the Baltimore spot, landscapes that mirror the owner’s needs, the architecture of the household, the requirement of the web page (solar as opposed to shade, sloped or flat, urban or suburban) and Gaughan’s have […]
Landscape Architect Kevin Gaughan Creates Gardens That Reflect the Owner’s Needs